tv Mad Money CNBC May 18, 2017 6:00pm-7:01pm EDT
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i'm a buyer on the weakness. >> olin corps up 20%. i think it has 20% room to the upside. >> we will play celebration. target will get you coming. >> i'm mellissa lee, thank you so much my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i'm here to help you find it. "mad money" starts now! >> hey, i'm cramer. welcome to "mad money." welcome to cray america. other people want to make friends, i'm here to educate and teach you. call me or tweet me @jimcramer. on day two, they go for growth. that's what this market found to its liking today. dow gained 56 points, s&p
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advanced point 37 and indeed 73 after yesterday's nasty pasting. it's worth talking about why they're suddenly piling back into these growth stocks with no hesitation. first, you may be wondering, cramer, who the heck is they? they are the money managers, the big ones on the day after a sell-off like to take advantage of every dip to do buying because they've gotten so few chances to pick up stocks at bargain prices of late. many investors look at sell-offs like yesterday and say, oh, boy, here it comes, look out, the sky is falling. they started out very bold, like, hey, i'm here, i'm buying, buy buy buy. my twitter feed. after that last wave of selling they were washed up, lifeless,
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like drift wood orn some god forsaken beach. then, depending on their political orientation they blame president trump or his opponent for making his market uninvestable. and i'm sure somebody took their bat and ball and they went home. to heck with this market because they can't see a way out of the dilemma our country finds itself in. for these forlorn shareholders, let's say there is no future, they're just stepping out, don't want to be here. they want to play wacha mole probably. they're the ones who sold amazon 20 times since it became public. they're the ones who kicked out facebook for its ipo five years ago today. these we cans act on in mass at the same time the big hedge funds decide to short the market
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like they did yesterday between 2:00 and 4:00 and speculators playing with borrowed money got sold out from their positions and you got that ugly last hour we saw in trading yesterday. and the broken retail shareholders and highly margined traders and opportunistic hedge fund managers converged to create the selling that looked like the beginning of the real deal decline so many of the bears have been waiting for. the bears were in my in box this morning. i get up at 3:00. i probably went to bed late, i don't know, maybe i had a couple cocktails. anyway, not everybody reacts like those three groups, like the margin traders and hedge funds and scare retail people, not everybody. near the close, we have buyers coming in galore looking for bomb market equivalence. kimberly-clark interest rates in
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the treasury and plummeting close to 2%. these were up yesterday not uncommon in the trade-off in the academy. the sell-off was only tan gengsly related to trump's legal troubles and only what many think is his pro business legislative agenda because how do you pass laws in these ugly retail sales markets and bond market saying look out, recession in the offering. that causes us to get hammered. whether you believe a slowdown is on the horizon, i don't, what matters is what the bond market is saying with plunging interest rates and saying a recession is coming. we know better than to question the bonds. they are saying the economy hit a rail for a variety of reasons. trump's agenda is one of them
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but just one of them. today, though, today was day two. that brings out a new buyer. not hunting for yield, not someone defensive looking for some sort of dividend, someone going on the offense, looking for growth. growth that won't be impede ed even if washington's now clearly a millstone around the economy's neck. these investors know if the bond market is signaling slowdown they should look for stocks that post better numbers than industrials or packaged goods or retail. they are like bloodhounds for growth. they are unleashed by a day like yesterday. the stink of washington doesn't throw them o the scent today. they don't care about washington as long as it doesn't get in the way of stocks they own.
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you need to know how these growth hounds think. i will teach you. you need to know how they act and work. when they see the stocks of the companies they love go down, they don't go under the table. they're not lying down on the floor, they're not doing driftwood, they don't think there's something wrong with those companies, they don't try to relate trump's problems to those companies, don't make a judgment if the market is going down their companies are in trouble. instead they believe their stocks are carla damage to those panicking and losing their shirts and macro hedge funds making big bets against trump thinking he can bring the house down. the growth managers don't know there is a house. yesterday was like a bizarre one day mall sell thrown by many retailers now liquidating. they don't care what reasons are causing the market to go down, they're making a judgment whatever the heck it is, their
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companies aren't involved in it, won't be impacted by it. later in the day today they begin to ask themselves, is this all the bears can muster? are you telling me that's it? we better start buying more aggressive because maybe there wasn't nothing wrong to begin with. who gets growth without help from washington. do you need to ask the man who created the word fang? acronym. how about the companies that dominate mobile, social, cloud, artificial intelligence, machine learning. i can turn those terms around. i didn't go to stanford and rejected stanford. how about apple, netflix, invidia. semiconductor and cell phones and semiconductor equipment companies, all the usual fang suspects are taken into the station house and booked as new
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positions. they don't just limit theirselves to fang and friends. that would be a good show, fang and friends. take that down. they seize on biotechs that have any sort of potential good news ahead, insight, incyte that had good news. and one growth name you better get used to hearing because people will start regarding it as a horse in a two horse race. what race is that? walmart versus amazon. the giant discounter where over a million people go to shop, surprise. where people go for their online business and never bad when the brick and mortar retailer reports a stunning number. the rest of the market picked up steam when interest rates and oil went up. they broadened the rally to some trash banks, not that many, oil stocks, not that many.
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i wouldn't get your hopes up on those with one foot out the door. the home builder has a second wind. rates are so low. we spoke with two of them in the last 48 hours, they're swimming with orders. the record of comebacks i studied, they say yes. on day three people typically turn to industrials and spending stocks and thinking things aren't as dire as they thought. they stay with growth. my fabulous numbers from sales force, applied materials and out to desk, the latter exploding in late hours trading and software and semiconductor equipment stocks, let's just say they will all affect tomorrow's trading. bottom line, turns out there were plenty of buyers waiting for that political sell-off to happen. we didn't know about them. while they were contained to certain sectors, their day two buying after opening this morning told you the bloodhounds
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are back and more vociferous than ever. joe in new york. joe! >> caller: boo-yah, jim. >> boo-yah, joe. >> caller: i have a question on kellogg. f [ audio breaking up ] ordering of the items -- >> that one kind of broke up. could you repeat that a little, joe, maybe go over that a little. it was kind of garbled. go ahead. >> caller: kelloggs has decided to shut their distribution in the u.s. distributes are a huge part of their workforce the online and delivering and displaying of the product. this is now going to fall on the retail stores. it seems like an obvious sales decrease. do i sell kellogg's. >> you don't want to sell
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kelloggs, got a good yield and doing fine. not where the growth is. you can't just have a portfolio of oauto desk sales and others. you need to be diversified. let's go to todd! >> caller: what about slb? >> this is a shocker. its stock is almost back where oil was 25 bucks. that's outrageous. we bought some the other day for actionowners plus.com. i think it is too cheap. i don't get it. it's mispriced. stewart in new york, stewart. >> caller: hi, how are you, jim? >> good. how are you, stewart? >> caller: fine, thank you. jim, what does southwest airlines look like to you at
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buyback. >> the main thing with southwest airlines is they keep reporting better than expected quarters and warren buffet just bought more of the stock as did my travel trust. it is very very inexpensive. historically, it has been a much more expensive stock than the rest. the rest of the group moved up and it should move up. bloodhounds are back and buying and today go for growth. i expect industrials to gain popularity but growth stock continues to serve. that's the way it has been. the battle of two behemoths, i'm battling walmart against amazon to see if they can be but in a prime position. >> it's been a rough week for donald trump's administration? can the bad news put it on pause? sales force earnings out after
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the close and the ceo speaks scli exclusively with me next. stay with cramer. follow jim cramer on twitter. have a question tweet cramcrame cramer #madtweets and send jim an e-mail@cnbc.com. miss something? had to mademoney.cnbc.com. "mad money" ♪ to err is human. to anticipate is lexus. experience the lexus rx with advanced safety standard. experience amazing.
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what do we make of salesforce.com the king of cloud computing. can this spectacular run continue? the company reported after the close it delivered a 2% earnings beat and forecast of $100 million for 2018. they beat on billings and bookings and deferred revenue up 28% from last year. all in all business looks strong. it doesn't hurt the company recently announced major expansions in artificial intelligence many see the future of tech. the visionary co-founder,
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welcome back to "mad money"! >> great to be with you again. thanks for having me again. >> just had you a couple weeks ago. >> raising 100 million, is that some new contracts we didn't know about you landed? >> it really is. we're seeing amazing new situations for salesforce and customer winds and things going our way and the culmination of many great quarters coming together to produce amazing numbers for this quarter. >> a lot of people say why do you think salesforce is doing so well we have a chart, idc independent, you don't own idc, it does she you're pulling away. how are you doing that? >> we are crushing oracle, sap, microsoft, across the board we're getting great wins in
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sales and service and marketing. yesterday, i was in las vegas at our incredible e-commerce conference. we had over 1500 retailers down there learning how to get e-commerce going for their companies. 8 of the top 10 retailers in the world are on salesforce's commerce cloud. that's amazing. >> i want to talk about one i'm very excited about, a great company that hasn't necessarily been able to do what's right for their shareholders, ralph lauren. they hired a new ceo and had great merchandise but not always in sync. they chose you to create a best in class experience around the world. say i go into a ralph lauren store, what will i say happen that may have been related to what you do at salesforce. you're right. every major retailer in the
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world is going from brick&mortar bids to online and in some cases doing both. they're linking their retail presence with online and that is very powerful and we're doing that through the sales december force commerce claude. -- sales force dom mers cloud and in each case, these customers are able to sell more because they're using incredible online digital capabilities. the number one exactly as i mentioned, artificial intelligence so we can provide a better solution and better experience for that consumer as they're shopping whether in the store or online. yesterday in las vegas we talked about how we have 350 million shoppers now using our commerce cloud. that is incredible. >> when you say artificial intelligence, if you go into a store, most of the stores still
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don't seem to know what i want like amazon does. will that change? >> absolutely. not only because they know what you want, they know what you purchased, they know what you have on hand and your preference are and what's in the store in that geography and able to give you that best offer in the store. you will see that through salesforce commerce cloud and we're providing the number one solution in the world for retailers? you expanded your amazon web services and done more with visa. it's ibm i want to talk about on their side telling me this is a real needle mover. real needle mover for them must be super for you given the size of them versus you? >> you're absolutely right, we have dramatically expanded our connection with amazon services the number one cloud infrastructure. they're doing a great job at
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amazon and you follow them closely as do i. they're really growing using salesforce's marketing solutions, we're doing pretty gig advertising with them around the world on that subject. number two, visa we expanded wall to wall in sales with them and ibm we're helping them transform their customer service experience. this is a really powerful time for salesforce. >> we've been talking about how the currency is hurt, currency is hurt. people need to hear from you. that is no longer the case necessarily in some of these countries you're in. >> you're absolutely right. last year we had brexit and the great british pound had unbelievable volatility unprecedented in its history and we suffered from that as many companies did. right now it's a stable currency environment and we're able to show our results and show the tremendous increases we have made in our revenue, in our
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margin and cash flow. jim, you can see in the last three years we have now doubled our revenue but tripled our cash flow. that's pretty incredible. >> in fairness you raised your fiscal revenue but this time maintained your cash flow guidance from february. is there something i should know there. >> what you should know is the company is doing fantastic so we are now going to do $10.3 billion in revenue this year and continue to provide world class flow performance and continue to increase our margin we're deeply committed to and have over $14 billion in book business on and off the balance sheet. that is spectacular capability. >> you did give a shout-out or mentioned approximately 450 million unbilled related to demandware. is that because you wanted to show it's working out well?
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>> it's working out more than well. it's exceeded my expectations. last year we bought three amazing companies that were jewels. we talked about that one was demandware, one was crux and another was quip. we saw about $4 billion on the commerce cloud use deg mannedware, beyond our expectations. the growth in retail and commerce, unbelievable. you look at crux, they had an event and data to make their marketing more effective and you touched on quip, had a deal at 21st century fox this quarter where they're replacing microsoft office with 20,000 users using quip. that is an incredible story. >> i'd like to hear more. i'm trying to get a sense you see the idc numbers, hear about
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microsoft. this has to be some share take. has to be someone, sap, oracle you won business from this quarter. they will tell you, listen, let me tell you what we won from salesforce. >> they always come and say, we're doing all this stuff against salesforce. look at that market. look at our market share line, jim, against sap and oracle. they're flat to down. we're up exponentially. there's no comparison. how they come on these shows and talk about this without numbers. these are the numbers you need to see. this is idc, an independent research firm, the top in our industry, making this incredible proclamation. >> it is independent, not just me saying it, not just you saying it, a great quarter. stocks had a very big one. that's not the point. it's how they do in the next few years. marc, co-founder and chairman of
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for years we wondered if any out there has what it takes to challenge amston. with so many retailers struggling in this environment and facing a slow death you would think the company that invented e-commerce would reign supreme. but one company is giving them a run for the money. i believe this business out of nowhere has become a two horse race with walmart making up a lot of distance, you heard me right, walmart. even after the excellent quarter walmart reported today you take a step back, it's pretty clear these two companies have a lot more in common than you might expect. before amazon came along, walmart was the great disruptor
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to retail laying waste to mom and pop companies all over the country undercutting them in price and no other company has more merchandise than walmart. amazon embraced the strategy to take over the world introducing at a scale with lower prices than you can find elsewhere. most companies can't compete with amazon on price and they go under and why this company has been steadily taking over the world. walmart has no problem competing with price and walmart's dynamite ceo, doug mcmillan, non-promotional, announced a new strategy, his goal to become a major player on the web. other brick&mortars have tried to do this but haven't had walmart's advantages. for starters the company has a fabulous balance sheet and can spend the money necessary to challenge amazon on its own turf
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and on top of that, walmart is a family company and the relatives still own more than half of the business. that matters because they have gotten behind doug mcmillan's digital strategy. as long as he has the backing of the company he can afford to take short term hits to add to the online presence. in other companies the shareholders tend to rebel when management starts promising near term pain. you better believe declaring war on amazon is painful but walmart's digital structure has given mcmillan the time he needs. i'm not saying walmart will overtake amazon, that won't happen but their e-commerce sales was up 63% in the latest quarter. you heard me right. walmart is taking names, making this a two horse race for the first time in a very long time. how has doug mcmillan pulled
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this off? he started in january 2015 walmart announced closure of 269 under-performing stores. in october of that same year, mcmillan announced the next step of huge e-commerce spending $900 million in 2015 and then up in 2016. most investors can't think past a week let alone quarter and his stock got slammed, mcmillan had the backing of the waltons and allowed him to pursue his plan even if the market didn't like it. he doubled down making acquisitions. last summer walmart bought jet.com one of the fastest growing e-commerce sites in the world for $3.3 billion. the idea is they can offer customers tremendous bargains by giving you extra discounts if you order merchandise from the same distribution centers and
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the deal gave walmart access to new urban shoppers who might not otherwise be walmart shoppers. since the jet.com acquisition they made smaller purchases, shoe buy, mod cloth, outdoor gear and clothing although none big enough to roll the needle. last month they announced they're rolling out their own startup incubator in silicon valley. that's the last thing you would expect of the old warm. this is a different one. the new walmart sales many different lines. one area they have an edge overall. fresh food, you can easily order most things over the web, groceries are a different story especially perishables. books don't rot and if you order steaks on the internet and end up sitting in a box on your
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front lawn for hours they will go rancid. walmart's grocery business is going strong. once you get in this door to buy that food you might make impulse purchases or know you're going there and order stuff online and pick it up and save on shipping. fresh food is amazon's achilles heel. put it together this whole move into digital is working better than nay-sayers predicted. amazon is the undisputed champion, but walmart's online business is going strong. not only did e-commerce increase 63%, their merchandise volume grew by 69% most made up of organic growth on their own website, a huge acceleration from the 29% we saw last quarter or 20% growth the quarter before that to say nothing of the 7% growth a year ago. walmart has been the second largest e-commerce retailer for two straight quarters.
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can walmart beat amazon? doubtful. who says they need to? they just need to go toe-to-toe with amazon and make money doing it and wipe out everybody else in bricks&mortar, likely from what i've seen. they're going through a transformation look. they're different animals. amazon has terrific web services and businesses and in a class by itself with amazing artificial intelligence. walmart is a much cheaper stock that sells cheap earnings versus 85 on amazon. and the timeliness and refrigeration is working for them. bottom line you like high flying fast growing tech stocks, amazon is great, okay. for you. if you want more of a value play, i think walmart has done an incredible job expanding online. they won't take the lead in e-commerce any time soon. for the first time in ages this business is actually a two horse
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race. jerry in new york. >> caller: hi, jim. i own a company with great sales, profits, balance sheet and under-performing. what's wrong with skechers? >> it had projections and growth trajectory that turned out to be a little unsustainable. that's what happens. it got ahead of itself and strength in orders could not be maintained and given it up. it's an inexpensive stock. the market doesn't like footwear, under armour, don't take it personally. i'm not saying walmart is a better stock than amazon, it's giving it a run for the money. if you want high-tech growth stock, amazon, but if you want value play, walmart. much more "mad money" ahead including my exclusive with u.s. concrete and one world trade. can they continue to bank on the
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latest quarter? i'm asking the ceo. what news of the special counsel in the trump investigation means for investments going forward. all your called in rapid fire in tonight's edition of the "lightening round." stick with cramer! ready or not, here i come.ek.) ♪ anyone can dream. making it a reality is the hard part. northrop grumman command and control systems always let you see the complete picture. and we're looking for a few dreamers to join us.
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after donald trump's surprise victory in november, many of the infrastructure stocks soared higher. this was a non-starter because many seemed to be allergic to government spending unless it was this military. they might have given up after the revelations shaken the white house this last week. many infrastructure stocks are still hanging in there. regardless what happens in washington business looks real good. take this stock, rallied close to 40% since the election. it went down with the rest of the market yesterday it's bouncing back. this story isn't about a mythical infrastructure bill about excellent results of 42% earnings beat off a 13 cent basis, higher than expected revenue over 22% over the year and thanks to strengthening core markets in new york city,
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dallas, fort worth, california, and helped build google's new campus, nice work if you can get it. it pulled back to just under 67, i think it has a lot going for it. to the president and ceo of u.s. concrete and get a better idea where it's headed. welcome to "mad money." in your conference call that answered a lot of questions for me about the economy in your company, you say this interesting because interest rates have gone down. we believe the construction cycle is a healthy runway for continued expansion. i look at your book of business and i think america is growing. >> it is growing. our business is growing, you see in our first quarter result, revenue up 22%, ebitda over 60%, health backlog that increased sweng sequentially year-over-year. >> that is not the sign of a slowing economy. >> it is not.
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we're not relying on the trump infrastructure bill. those results were from the obama administration, the passing of the fast act additional infrastructure spend, only 18% of our business is infrastructure, the rest depends on a growing healthy economy. when you're in dallas and new york and sandwich francisco and travel a lot you have to notice. >> you're doing work for facebook, google, workday and amazon fulfillment center in the country, these are the largest in the country. >> they're very large. the sweet spot of construction jobs is where we make our bread and butter. >> it seems people are underestimating the power of states. new york state and california, two liberal states if you ask me are backing a lot of infrastructure. >> sure, california passed the raa bill, $52 billion. >> has to be the biggest chunk
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of cash going to -- >> $40 billion will go to roads and the port authority passed their 32 billion spending plan in new york city. those are big big dollars that haven't been there historically. >> let me ask you, is there something about your company that allows it to do bridges other people can't bid on. i think these bridges must be hard projects? >> hard projects and difficult specifications and service levels and in these populated cities not many companies can do these jobs. >> you are in west texas. this area is caught fire. >> done a lot better than the last two years. >> that's been a big swing for your earnings? >> it's been a big swing. dallas has driven it, new york city and san francisco. >> laguardia, 377,000 cubic yards? >> a very large job. any time you come in you can see our trucks. >> when the president says we
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have to redo our airports, those are gigantic jobs? >> concrete because the runways are complicated and large and the depth of concrete needed. >> puts a lot of people to work. >> a lot of people to work. >> about 100 more airports could use what laguardia is getting from what i see. your second largest is toyota north american headquarters. >> more than the headquarters, the 4,000 jobs that come into dallas because of that and housing and schools and infrastructure needed to support 4,000 more people. >> a question on the conference call someone says are you thinking about expanding your areas? you say we're in the areas and want more market share in those areas. did you pick those areas knowing about growth knowing where the business would be? >> we reinvested in areas we thought would grow faster than the rest of the company. >> you made acquisitions in new york that helped you?
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>> significantly. we have 17 concrete plants in the five boroughs now. >> could you explain philadelphia. i didn't understand what that meant, the sand? >> the corbit sand and gravel means we can supply it to city operations by water. buy it in new jersey and truck at a short distance to a dock we now control and bring it to other docks in new york city we also control and get trucks off the street. the price of sand coming off long island is so significant this helps us get another margin on a product we consume we self-consume. >> you're not taking them up i-95, putting them on barges? >> yes. >> how did you think of that? >> more cost-efficient. >> it's what you do. are there more i'm not thinking about we're bidding we're hearing. i put it on hold. are there a lot of jobs out there coming, maybe more road jobs we don't have yet? >> significant number and more to come in '18 and 19 because of these other funding sources. >> do you really have enough
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people to do these jobs? do you have enough drivers and workers? >> we're expanding and we have to work harder than we did before to get drivers. >> if people want a job -- >> and our employees are paid very well, especially in new york city and san francisco, those wages are really good. it's a great entry career for people to start. >> it tells me infrastructure really is a way to put people to work but you have to have more than private sector. ceo of u.s. concrete, all the way back down and now back up. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this
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it is time! for the "lightening round"! then the "lightening round" is over. are you ready skee-daddy? time for the "lightening round." ben in new jersey, ben! >> caller: hey, jim, how are you doing? long time listener. >> thank you. >> caller: calling regarding general mills down to a 52-week low. i bought some last week and thinking of adding more to my
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portfolio. >> the problem is no growth whatsoever. you are hoping for a takeout i think is unlikely and being paid 3.5% for them to get growth. so long as you're happy getting the dividend sitting there, that's what you will get. michael. >> caller: hello, jim, from the ozarks. i'm calling about commerce bank shares. >> very good. never making a lot of mistakes, consistent bank. i think it's okay to own a financial in a diversified portfolio. don't expect anything to happen good right now, flar flat lining. bernard in south carolina. bernard. >> caller: booyah, jim, how are you? >> good. how are you? >> caller: not bad. want to get information on the opk legend. >> there are issues with some things they have. i will come back and say that i wish they would come on the show
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and tell us what's happening. i can't opine without their help. how about doug in florida, doug! >> caller: hi, jim, thanks for taking my call. i want to check on bgx. >> i love the combination. it will produce returns for a long time. that is a solid buy. bdx. >> caller: hey, jim, thanks for educating me. what's your take on alexion pharmaceutical? >> i like them. i said don't give up on their cancer franchise, it is big. they're the one to buy. jim in arizona. >> caller: hi, cramer, i'm calling about the symbol x. >> i don't like x, i like new corp because the ceo is doing a great job, bought some today for
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my charitable trust. it this is cheapest in the group. the others are challenged for earnings. to bob in illinois. bob. >> caller: hey, jim, this is bob from chicago. i saw you the other day on the early morning show. it made me feel good to know you have walgreens in your charitable fund. >> absolutely. >> caller: i've been a backer of walgreens a long long time. i wonder if you yourself think this merger with rite-aid will go through? >> they said to the government, fish or cut bait. i hope i can do a big buy back. that's the end of the "lightening round"! >> the "lightening round" sponsored by t.g. ameritrade. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information
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p sometimes it pays to think opposite the box. outside the box, i'll save that for silicon valley. something opposite the box hasn't happened in at least nine years, republicans and democrats were on the same page about an issue. both parties agree exfbi chief robert mueller is the right man to investigate what really happened with the russians and flynn and comey if there was anything at all. there's a legitimacy to the probe. they all agreed on something and no outcome will be second
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guessed. i know the president tweeted this is the single greatest witch hunt of a politics in american history. i think he should welcome it as the stock market did today with a rally after a weak opening. if trump did nothing wrong he has nothing to fear from the probe and the whole issue will be put to rest. although trump disagrees and thinks it's a witch hunt. what really matters is there is an analog for the scenario. the whole time we've been dealing with trump we had no historical background. a term i learned in law school, he is sue wi generous. there isn't anything like this guy. he is the same guy on his tv show "the apprentice," wiley and stern and the problem is none of those help you with allies but he is more of making enemies. his friends and foes believe mueller is the right man for the guy. you know who else, archibald cox
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the special prosecutor appointed to look into the watergate break-in to find out the sordid truth about that affair. cox led a long time in service and one of the fairest thinkers of his time took no nonsense and could not be bought. now the republicans and democrats are saying the same exact things of mueller. from the perspective of the stock market you can see investors think it's a very good thing. the market isn't pro trump or anti-trump. it craves certainty and craves resolution. if mueller finds out the president did something wrong, i don't know, high crimes and misdemeanors wrong, pence may end up taking over. if he finds nothing and trump doesn't do anything ill-advised to squash the investigation we can move on and the president once and for all can silence his critics on this whole issue. how can he not want that? either way, what the market wants, what i care about is an end to this death by a thousand cuts scenario and mueller gives us that possibility. if trump tries to fire mueller
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as nixon pressured justice to do with cox, then the uncertainty will continue. as long as this investigation is allowed to run its course, the uncertainty will end. that's what the market knows. who knows, maybe the government can go back to governing and get tax reform and repatriation. until then we have to believe there will be plenty of noise and the fire now lies in the hands of a man the democrats and republicans trust which means there probably won't be nearly as much turmoil as there has been, again what i think happened today. at the end of the day whether it's good for trump the appointment of mueller is definitely good for the stock market. hopefully he will bring closure on this issue and stop worrying so much about washington again except perhaps in a positive fashion as we did seven short months ago when president trump was elected. stick with cramer. is the stuff that matters? the stakes are so high,
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your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. you won't see these folks they have businesses to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again.
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i'm jim cramer. see you tomorrow! >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ who believes she can make the sharks a lot of green with her environmentally friendly business. ♪ hello, sharks. my name is jennie nigrosh. i'm president of the green garmento, and i'm here seeking $300,000 for 20% equity in my growing business.
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